CENTURY 21 Sylvia Geist Agency's Blog

Is it Getting Easier to Get a Mortgage?

Submitted by Robert Geist on November 12, 2013 - 10:08am

Even though mortgage originations are way down over the last couple of months there hasn't been a significant move by regulators or lenders to ease up a bit on lending standards.  The big refinancing boom is over.  Now if lenders are to make money they will need more homebuyers to enter the market.  Don't be surprised if the standards for first time homebuyers to obtain a mortgage are lowered a little over the next few months.

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Haunted Houses - Home Buyers Need to Beware

Submitted by Robert Geist on November 1, 2013 - 10:04am

As of 11/1/2013 the New Jersey Real Estate Commission does not require the seller or real estate agents to disclose that a houses is purportedly haunted unless the buyer asks. 

So if you are afraid or concerned about ghosts you better ask the question!

Budget Deal

Submitted by Robert Geist on October 17, 2013 - 5:58pm

Thankfully the U.S. congress reached an agreement to reopen the government last night.  The concern for the real estate market was that a U.S. default would further the increases in mortgage interest rates for at least the short term, slowing the sale of houses.  In addition the closure of the government delayed closings for some homebuyer if they were getting a mortgage loan through a federal loan program.